First National Bank (Warren, IN)

Episode Information

Episode UID
793001548
Episode Type
Suspension β†’ Closure
Bank Type
national
Bank ID
79300 national
Charter Number
7930
Start Date
December 7, 1928
Location
Warren, Indiana (40.683, -85.427)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
a8b3c6f60b631942

Response Measures

None

Receivership Details

Depositor recovery rate
58.0%
Date receivership started
1928-12-07
Date receivership terminated
1936-06-26
OCC cause of failure
Governance
Share of assets assessed as good
52.3%
Share of assets assessed as doubtful
31.5%
Share of assets assessed as worthless
16.2%

Description

Known receivership date used for the closure event; articles describe a voluntary closing followed by receivership.

Events (6)

1. September 29, 1905 Chartered
Source
historical_nic
2. December 7, 1928 Receivership
Source
historical_nic
3. December 7, 1928 Receivership
Newspaper Excerpt
LYONS IS NAMED BANK RECEIVER ... Lawrence E. Lyons ... took charge of the assets of the First National bank at Warren yesterday ... the institution ... had been appointed to act receiver for the institution, which closed its doors voluntarily few days ago
Source
newspapers
4. December 7, 1928 Suspension
Cause
Voluntary Liquidation
Cause Details
Bank closed its doors voluntarily after a series of losses over several years
Newspaper Excerpt
former head of the Republican state commitee, charge of the assets of the First National bank at Warren yesterday ... the institution, which closed its doors voluntarily few days ago
Source
newspapers
5. April 13, 1930 Receivership
Newspaper Excerpt
Robert Hartman has been notified by the controller of currency ... of his appointment as receiver for the First National bank at Warren, which closed fifteen months ago. He will succeed Lawrence Lyons, former Republican state chairman, who resigned.
Source
newspapers
6. November 15, 1930 Other
Newspaper Excerpt
THREE CLOSED BANKS WILL MAKE PAYMENTS Depositors at Arcadia, Farmland and Warren to Get Dividends. ... he will pay a 10 per cent dividend to the First National bank of Warren. This will be the third payment, making a total of 50 cents on the dollar.
Source
newspapers

Newspaper Articles (8)

Article from The Huntington Press, December 12, 1928

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Article Text

LYONS IS NAMED BANK RECEIVER Former Republican Chieftain Takes Charge of Warren Bank Lawrence E. Lyons of Brooke, Ind., former head of the Republican state commitee, charge of the assets of the First National bank at Warren yesterday, was Carlos B. Dawes of Columbus, Ohio, neuhew of Vice-President Charles G. Dawes, had been appointed to act 68 ceiver for the institution, which closed its doors voluntarily few days ago Mr. Dawes went Warren several days He and Mr. Lyons were at the bank yesterday, but it is understood that will leave as soon transfer has taken place. series of losses ove several years was mid sponsible for the closing officials of which said would pay its depositor


Article from The Indianapolis Star, April 13, 1930

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Article Text

Robert Hartman Named Warren Bank Receiver NOBI April Robert Hartman of this has the controller of the notified by his appointment as receiver rency for the First National bank at ren which closed than year He the place Law state resigned Mr Hart now for five national banks central Indiana They are Sheridan Arcadia Farmland and Warren


Article from The Indianapolis Times, April 14, 1930

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Article Text

Bank Receiver Chosen By Times Special NOBLESVILLE, Ind., April 14.Robert Hartman has been notified by the controller of currency at Washington of his appointment as receiver of the First National bank at Warren, which closed fifteen months ago. He will succeed Lawrence Lyons, former Republican state chairman, who resigned. Hartman now is acting as receiver for five national banks in this part of the state. They are at Sheridan, Arcadia, Noblesville, Farmland and Warren.


Article from The Star Press, April 14, 1930

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Article Text

HARTMAN IS APPOINTED WARREN BANK RECEIVER Noblesville, Ind., April -Robert Hartman. of this city, has been notified by the controller of the of his appointment as receiver for the First National bank at Warren. which closed more than a year ago. He takes the place of Lawrence Lyons, former Republican state chairman, who resigned. Mr. Hartman is now receiver for five national banks in north central Indiana. They are at Noblesville. Sheridan, Arcadia, Farmland and Warren.


Article from The Indianapolis Times, April 14, 1930

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Article Text

Bank Receiver Chosen Ind., April Robert Hartman been notified controller currency Washington of his appointment receiver of the First National Warren. which closed fifteen months will Lawrence Lyons, former Republican chairman, resigned. Hartacting as receiver for five national banks part the state. They are at Sheridan, Arcadia, Noblesville, Farmland and Warren.


Article from The Indianapolis Times, November 15, 1930

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Article Text

THREE CLOSED BANKS WILL MAKE PAYMENTS Depositors at Arcadia, Farmland and Warren to Get Dividends. Bu Times Special NOBLESVILLE, Ind., Nov. 15.Robert Hartman of this city, receiver for several banks in central Indiana, says that he is arranging for some Christmas money in the way of dividends for depositors which will be ready for distribution in a few days. The first payment will be a 10 pe rcent dividend to depositors of the First National bank of Arcadia. This will make 80 cents on the dollar paid so far. He is also arranging to pay a 25 per cent dividend to depositor of the New National bank of Farmland. This will be the first dividend of this bank, which was closed last summer. In a short time he will pay a 10 per cent dividend 10 the First National bank of Warren. This will be the third payment, making a total of 50 cents on the dollar.


Article from The Indianapolis Times, November 15, 1930

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Article Text

THREE CLOSED BANKS WILL MAKE Depositors at Arcadia, Farmland and Warren to Get Dividends. Ind., Nov Robert Hartman this receiver for in Indiana, that he for in the dividends for will be ready for distribution few The first will be rcent dividend First bank Arcadia will 80 cents on the dolpaid so arranging to pay cent dividend National bank of Farmland. This will the first dividend this bank, which closed last summer. In short time 10 dividend pay National bank This will the third making total of 50 cents the dollar.


Article Text

The office of National Bank Receiver, Robert G. Hartman, in the American National Bank Building for the past four years was closed today it was announced by Mr. Hartman. The receiver severed his connection with the Treasury Department in March of this year making the resignation effective April 30th. Mr. Hartman came to this city in January, 1928, and assumed charge of the liquidation of the First National bank of Noblesville and the First National bank of Sheridan. On July 3, 1928, he assumed the First National bank of Arcadia receivership. In December of that year the First National bank of Warren, Huntington county, was placed in his charge for liquidation. Later he was appointed by the Comptroller of the Currency as receiver of the First National Bank and New First National Bank in Farmland, Indiana, the Farmers National Bank of Wilkinson and the First National Bank of Lewisville, Indiana, the last named bank having suspended in October, 1932. Since coming to Noblesville Mr. Hartman has completed the liquidation of the First National bank of this city, from which the depositors received 98-2/10% in dividends; the First National bank of Sheridan, paying 100% plus interest on the liabilities, and full liquidation on the First National Bank of Farmland, Ind. At the time of his resignation the receiver had paid in dividends: First National Bank of Arcadia 88%, First National Bank of Warren 58%, Farmers National Bank of Wilkinson 62% with an additional cash distribution of 5% available, the New First National Bank in Farmland 50%, and two dividends aggregating 27Β½% plus a 7% dividend in the process of payment, making a total of 34Β½% at the First National Bank of Lewisville. Alden H. Baker, of this city, has been appointed receiver of the Wilkinson and Lewisville banks; John Heller of Hartford City for the Farmland and Warren institutions and Lester E. Everett, a Boone county farmer, has taken the appointment to liquidate the Sheridan and Arcadia banks. Mr. Baker is also receiver of the Farmers First National Bank of New Castle, while Heller and Everett have other banks at Montpelier, Hartford City, Flora and Lebanon. Before coming to Noblesville Mr. Hartman spent five years in the Examining Division of National banks under the direction of the Treasury Department, with headquarters in St. Louis, Mo., and Louisville, Ky. He also spent some time in Mississippi where he was engaged in the liquidation of national banks in that state. During the difficulties following the bank holiday, Mr. Hartman was called to Washington to assist in the Comptroller's office. At the time he had charge of several New England states in which numerous banks were in the hands of conservators. He had intended to remain in Washington indefinitely but had to return to Noblesville on account of the death of his sister which occurred in June, 1933, in this city. Later the former receiver was directed by the Comptroller to assist in the opening of receiverships in Lebanon, Mulberry and New Castle, Ind. Atlanta Christian Church ATLANTA, Apr. 30. (Spl.)β€”Funeral services for Myrtle Lane were held Sunday afternoon at the Christian church, Rev. Berry officiating. The church was well filled with rela- JOHN HARMS AT ATLANTA ATLANTA, Apr. 30 (Spl.)β€”Sunday, May 5th, John Harms, director of Religious Education in Indiana, will be here all day. He will be with the Junior church in the morning, in the afternoon will meet in conference with the officers and teachers of the Bible school and in the evening will address the entire congregation.